ASX ANNOUNCEMENT 2 JANUARY 2008
Habanero 3 Drilling Progress
Geodynamics is pleased to advise that the drilling of Habanero 3 is progressing in
the 311mm (12¼") diameter section of the well now at 4,011m (13,158ft).
There remains around 49m (162ft) to complete the current 12¼" section which will
then be cased and cemented before the final 216 mm diameter (8½") open hole
section in the granite is drilled. (final open hole section is planned to be 192m
(630 ft).
Target total well depth is approximately 4,252 m (13,950 ft).
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